
Audio By Carbonatix
Chirano Gold Mines has declared a dividend for the fiscal year 2018 to its shareholders, following a strong 2018 operational performance. The Government of Ghana, which has a 10% carried interest in the Company, was paid a $5 million dividend on December 23, 2019.The payment of the dividend for 2018 was approved by the Board of Directors of Kinross Chirano, which includes a representative from the Government of Ghana, based on financial criteria and operational performance. The dividend payment demonstrates Chirano’s continued commitment to creating value for its shareholders, including the Government of Ghana.With a focus on extending mine life, investments in Chirano include resuming open-pit mining, developing existing and new underground operations, and focusing on exploration, which has led to the discovery of additional gold reserves with the potential to extend the life of mine beyond 2021.In line with the mine’s core value of being an Outstanding Corporate Citizen, it has contributed over $2 billion to the economy of Ghana since 2011, of which $400 million was paid in duties and other taxes, and $32 million paid in royalties. Focusing on local investment, $280 million was spent in the local area and region of which $140 million was on salaries, wages and benefits of our 99% Ghanaian workforce.Chirano has prioritized local procurement spending over $97 million utilizing the goods and services of Ghanaian contractors with 83% of all purchases made in the country as of September 2019.Also, the mine has committed to the development of our local communities through the provision of employment, health and educational infrastructure, sanitation services and potable water, benefitting more than 200,000 people. Chirano Gold Mines will continue to be an outstanding partner in the development and advancement of Ghana.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Bear with us over temporary outages as ECG begins transformer upgrade programme – Energy Ministry
26 minutes -
President Mahama has not broken promise on anti-LGBTQ bill — Akwatia MP
58 minutes -
Education Minister promises swift fix to Aburi Girls’ SHS water crisis
1 hour -
Top Australian soldier charged with war crimes to remain in jail on remand
1 hour -
US journalist Shelly Kittleson released after kidnap in Iraq, officials say
1 hour -
Starmer to visit Middle East after US and Iran reach ceasefire deal
1 hour -
Telcos and regulators are failing Ghana on Mobile Money fraud
2 hours -
Discussions on petroleum taxes review ongoing with Finance Minister – Jinapor
2 hours -
BMW Club Ghana partners National Road Safety Commission for “Stay Alive” Easter road safety campaign
2 hours -
Health Ministry launches World Health Day 2026, urges science-based action
2 hours -
MMFL anchors MTN Group’s fintech push in Ghana
2 hours -
Ghana’s economy shows recovery signs, but risks persist – S&P maintains stable outlook
3 hours -
SWAG commemorates its 8th anniversary with a public lecture
3 hours -
Bekwai MP supports community projects with over 400 bags of cement, streetlights and cash during Easter
3 hours -
Ibrahim Mahama claims Police Commander failed to stop alleged assault
3 hours